The Business Times
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M'sian investors turn cautious after IFCA's shares tumble

Cloud-based software firm plunges nearly 15% after it tells exchange its CFO has resigned

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Published Mon, May 25, 2015 · 09:50 PM

Kuala Lumpur

AMID weak market sentiment, Malaysia's retail investors could prove more risk averse after the year's top gainer tumbled following the unexpected resignation of its chief financial officer (CFO) last week.

Cloud-based software company IFCA MSC plunged nearly 15 per cent to RM1.38 on Monday as investors turned cautious after the company informed the stock exchange on Friday its chief numbers cruncher, Phillip Voo Lip Sang, had resigned "to pursue other career opportunities".

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